• Toyoko Inn to expand in US

Toyoko Inn is planning to expand into the US market with a 640-room tower in the New York City borough of Queens. The Japanese economy hotel group plans to offer tiny rooms for rates that will be among the lowest in the city.

Toyoko also plans to target Chicago and Atlanta. It plans to charge around $100 a night for rooms that will average less than 200 square feet. The hotel in New York is scheduled to open in 2012. Toyoko recently opened three hotels in Korea and one in China.

Report here: http://online.wsj.com/article/SB10001424052748703292704575393230856250018.html?KEYWORDS=hotels

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